Zero Growth in China and Asia this Year

Marc Faber : well I think we could argue do we have a cyclical downturn [in China] or more structural downturn , the fact is simply China's population is twice the size of that of Europe and America combined and the way that the US had recessions that occasionally were concentrated in one state say in California in the early 1990s or in Texas in the early 1980s we can have in China some sectors being in recession or having even crashes and other sectors and other provinces still growing so this is an important point to consider but overall I think that the growth rate we had in the last ten years which was around 10 percent 12 percent annually that this is going to slow down considerably and that at the present time in China and in the rest of Asia very little growth or no growth at all - in Bloomberg Radio Interview
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